CEAT Limited, an RPG Group company, reported 16.2% decline in net profit at Rs64cr for the fourth quarter ended March 31, 2019. The company had posted a net profit of Rs76.81cr for the corresponding quarter last year.
On a consolidated basis, the company’s Q4FY19 revenue stood at Rs1,760cr, a growth of 4.4% over the same period last year. EBITDA for the same period stood at Rs166cr, translating into a 9.4% margin.
CEAT closed FY19 with a total consolidated revenue of Rs6,985cr, a growth of 11.2% over last year. EBITDA grew at 3.9% yoy to stand at Rs663cr. PAT for the year was Rs251cr.
Anant Goenka, Managing Director, CEAT Ltd said, “In the past year, we have endeavoured to sustain our growth trajectory during what was a rather muted period. The impact of rising crude prices and production cuts by automobile manufacturers has been felt across the auto and ancillary industry. However, CEAT continues its capacity expansions as planned with Halol’s Truck and Bus radial plant commencing operations in February.”
Talking about the full-year standalone performance, the company registered a revenue growth of 10% to close at Rs6,831cr. EBITDA margin for the same period stood at 9.3%. Profit stood at Rs289cr, a margin of 4.2%.
On Tuesday, share price of CEAT Ltd ended at Rs1,035.45, down by Rs8.6 or 0.82% from its previous closing of Rs1,044.05 on the BSE.
The scrip opened at Rs1,046.25 and touched a high and low of Rs1,052.80 and Rs1,028 respectively.
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